TeachMeFinance.com - explain revenue
revenues -- Funds collected from the public that arise from the government's exercise of its
sovereign or governmental powers. Federal revenues consist of individual and corporate income taxes,
excise taxes, and estate and gift taxes; contributions to social insurance programs (such as Social
Security and Medicare); customs duties; fees and fines; and miscellaneous receipts, such as earnings of
the Federal Reserve System, gifts, and contributions. Federal revenues are also known as federal
Revenue -- Payments received by businesses from selling goods and services.
revenue -- the total of all earnings received from the sale of a firm's product or service during a given period.
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